Philadelphia
PA Community Lands $32M Refi
Managed by Paradigm Properties Group, Deerfield Commons is located in Central Pennsylvania. The loan includes two years of interest-only payments followed by a 30-year amortization schedule.
Community Trades for $45M in Philly Metro
Aulder Capital obtained a seven-year securitized loan through Freddie Mac’s CME Program for the property, which is situated 15 minutes from the University of Delaware.
Luxury Community Opens on Philly’s Main Line
The 36-acre site where the luxury apartment community is located also features a 20,000-square-foot historic mansion built in 1881, which will be updated with modern amenities.
PA Properties Land $26M
The two assets are situated in Lancaster and Hershey, Pa., and feature 160 units each. Colliers’ capital markets team secured five-year fixed-rate loans for both properties.
Philly’s Presidential City Gets Full Makeover
The luxury community features an upscale swimming resort called Sora Pool Club among other amenities. The property is currently 90 percent leased.
Suburban Philly Property Trades for $34M
The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.
TD Bank Invests in Affordable Philly Community
The bank provided a $9.1 million construction loan and purchased $12.0 million in federal tax credits. The money will be used to redevelop a nursing home into a 60-unit affordable housing project for seniors.
NJ Senior Community Lands $8M Refi
Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.
22-Property Portfolio Commands $467M
HFF helped Equus Capital Partners sell the 3,426 units. The assets are in suburban Philadelphia, Lancaster, Harrisburg, Wyomissing, Lehigh Valley and northeastern Pennsylvania.
Philly Multifamily Portfolio Trades for $14M
The properties situated in Philadelphia’s University City changed hands for a total of $14 million. The locations offer residents access to the city’s attractions and employment centers.